New Store has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,500. • The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $150 represented interest on the note. • August 31 balance in Cash was $13,107. •The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th. •The balance on the bank statement as of August 31 was $11,700. • A check printing service fee of $40 was shown on the bank statement. • A NSF check of $100. • Checks # 1572, 1606, and 1548, totaling $2,326, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted bank balance at August 31?

New Store has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,500. • The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $150 represented interest on the note. • August 31 balance in Cash was $13,107. •The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th. •The balance on the bank statement as of August 31 was $11,700. • A check printing service fee of $40 was shown on the bank statement. • A NSF check of $100. • Checks # 1572, 1606, and 1548, totaling $2,326, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted bank balance at August 31?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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